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Corporate Actions Associate

Written by Anton Murray Consulting on .

Location: Sydney

Salary description: $60k - $75k base salary

  • $50-100k AUD Equivalent
  • Permanent
  • 1 to 3 years of experience

A well-known equities broker requires a highly motivated professional to join its Corporate Actions team. Minimum 1-2 years’ corporate actions needed.

The key activities for this role are the processing of corporate action events for domestic equity securities, including but not limited to dividend entitlements, placements, rights issues, bonus issues and capital reconstructions.

Responsibilities:

  • Processing and setting up of all of the above corporate actions/events;
  • The monitoring of corporate event notices advising the front office of pending corporate events (i.e. Purchase offers, exchange offers, disclosure events etc);
  • Submitting instructions into the internal systems to instruct on traders instructions before event deadlines;
  • Arranging for internal redemption and conversion tickets to be booked by traders when the depots advise of credit proceeds;
  • Reconciling stock and cash breaks cause;
  • Following up on information that is lacking upon announcement, by liaising with company secretaries, registries, and investor relations departments;
  • Setting up of elections for dividend reinvestment plans and bonus share plans;
  • Reconciling balances for ex and record dates for all of the above income payments.

Prerequisites:

  • 1-2 years’ corporate actions experience with a fund manager, broker, investment bank or custodian;
  • Competent understanding of equities and the corporate actions operation process;
  • Ideally tertiary qualifications or study in a financial services related discipline;
  • Good attention to detail, being able to work to tight deadlines and problem solving skills will be looked upon favourably.
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